Jernigan Capital (JCAP) PT Set at $25.00 by B. Riley
Jernigan Capital (NYSE:JCAP) received a $25.00 price target from equities researchers at B. Riley in a research report issued on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price would indicate a potential upside of 46.03% from the company’s current price. B. Riley also issued estimates for Jernigan Capital’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $2.96 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.51 EPS.
JCAP has been the subject of a number of other reports. Zacks Investment Research lowered shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. BidaskClub upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird restated a “buy” rating on shares of Jernigan Capital in a report on Friday, November 3rd. KeyCorp started coverage on shares of Jernigan Capital in a report on Thursday, October 19th. They issued an “overweight” rating and a $24.00 price objective for the company. Finally, ValuEngine lowered shares of Jernigan Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Jernigan Capital presently has a consensus rating of “Buy” and an average target price of $24.17.
Shares of Jernigan Capital (NYSE JCAP) opened at $17.12 on Friday. Jernigan Capital has a 1-year low of $15.90 and a 1-year high of $24.89. The company has a market cap of $244.34, a price-to-earnings ratio of 11.57 and a beta of 0.66.
Several institutional investors have recently modified their holdings of the stock. LSV Asset Management increased its stake in shares of Jernigan Capital by 25.4% in the 4th quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock worth $14,376,000 after acquiring an additional 153,387 shares in the last quarter. Uniplan Investment Counsel Inc. increased its stake in shares of Jernigan Capital by 18.8% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 645,887 shares of the real estate investment trust’s stock worth $13,272,000 after acquiring an additional 102,347 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Jernigan Capital by 42.2% in the 2nd quarter. Vanguard Group Inc. now owns 449,406 shares of the real estate investment trust’s stock worth $9,887,000 after acquiring an additional 133,432 shares in the last quarter. Northpointe Capital LLC increased its stake in shares of Jernigan Capital by 23.7% in the 3rd quarter. Northpointe Capital LLC now owns 318,299 shares of the real estate investment trust’s stock worth $6,541,000 after acquiring an additional 61,079 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of Jernigan Capital in the 3rd quarter worth about $4,245,000. Institutional investors own 69.39% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/jernigan-capital-jcap-pt-set-at-25-00-by-b-riley/1859598.html.
About Jernigan Capital
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
Receive News & Ratings for Jernigan Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital and related companies with MarketBeat.com's FREE daily email newsletter.